The European luxury sector is welcoming the end of pandemic lockdowns in China, as the return of big-spending Chinese tourists could sustain further growth. Prior to the pandemic, Chinese tourists visiting Europe were a major source of sales for luxury houses.
Key buyers
The Chinese accounted for
The European luxury sector is welcoming the end of pandemic lockdowns in China, as the return of big-spending Chinese tourists could sustain further growth.
Luxury sector impatient for return of Chinese tourists arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
The shake-up at LVMH's two leading brands came as Arnault has seen his wealth soar to new heights, overtaking Tesla and Twitter chief Elon Musk as the world's top billionaire late last year.